The free and hard-hitting western press, the forth estate and all that B.S., has totally “missed” this: Global Plans to Replace the Dollar.
“The cycle supporting a permanent US war economy appears to be almost over. Once the dollar cannot flood central banks and no one buys US treasury bonds, the American global military empire collapses. The impact on daily living for the US population could be severe.”
“The United States tells debtor economies to sell off their public utilities and natural resources, raise their interest rates and increase taxes while gutting their social safety nets to squeeze out money to pay creditors. ”
“When Mr. Geithner put on his serious face and told an audience at Peking University in early June that he believed in a “strong dollar” and China’s US investments therefore were safe and sound, he was greeted with derisive laughter.”
It may be helpful if “Geithner can show us some arithmetic,” said Yu. “We need to know how the U.S. government can achieve this objective.”
Referring to the Federal Reserve “as the world’s biggest junk investor,” and to Chairman Ben S. Bernanke as “helicopter Ben,” Yu said the Fed has dropped “tons of money from the sky since the subprime crisis.”
If the IMF, the World Bank and the WTO are but drawers in the US Treasury, what does that mean for an Icelandic Finance Minister of the left freaking kind who pusses their neocon economic theories (confirmed by a typewriter) culminating the absurdity by speaking at Goldman Sachs meat. Are we insane or just simple farm-folks.
Chris Hedges, The American Empire Is Bankrupt
Michael Hudson, De-Dollarization: The Yekaterinburg Turning Point
Fred Weir, Iran and Russia Nip at US Global Dominance
Lyubov Pronina, Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8
Edmund Conway, UN Wants New Global Currency to Replace Dollar
Jose Arturo Cardenas, Latin American Leftists Tackle Dollar with New Currency